In the Language of Business Strategy,early Entrants into Potential Future

question 30

Multiple Choice

In the language of business strategy,early entrants into potential future economic profitable markets may be able to reap substantial __________ advantages,while late entrants may fall victim to __________ disadvantages.

• A) first-mover; late-mover
• B) initial-mover; last-mover
• C) first-class; final-class
• D) economic; financial
• E) systemic; monopolistic

---

Definitions:

Adaptive Leader Behavior

The ability of a leader to adjust their style and strategies based on the situation or the needs of the team.

Gain Perspective

The process of obtaining a broader, more comprehensive view on a situation or problem to make better decisions.

Bickering

Petty, peevish arguing, often involving trivial matters.

Adaptive Challenge

A problem or obstacle that is complex, unclear, and requires new learning, innovative problem-solving approaches, and often changes in people's priorities, beliefs, habits, and loyalties.